The market size of smart locks was projected to reach over four billion U.S. dollars by 2027. The figures for the highlighted period varied between 0.42 billion U.S. dollars in 2016 and 4.41 billion U.S. dollars in 2027, according to different research agencies. This data was complied from various sources to provide a comparison of different market projections regarding smart locks.
Forecast comparison of global smart lock market size in selected years from 2016 to 2027 (in billion U.S dollars)*
* Years provided in Characteristics descriptions are years of publication. Base years are as follows:
Allied Market Research: 2017;
Markets and Markets: 2017;
PR Newswire: 2019;
Verified Market Research: 2019;
Market research Future: 2020;
Market Data Forecast: 2019;
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Statista. (May 14, 2020). Forecast comparison of global smart lock market size in selected years from 2016 to 2027 (in billion U.S dollars)* [Graph]. In Statista. Retrieved August 11, 2022, from https://www.statista.com/statistics/1117440/forecast-comparison-of-global-smart-lock-market-size/
Statista. "Forecast comparison of global smart lock market size in selected years from 2016 to 2027 (in billion U.S dollars)*." Chart. May 14, 2020. Statista. Accessed August 11, 2022. https://www.statista.com/statistics/1117440/forecast-comparison-of-global-smart-lock-market-size/
Statista. (2020). Forecast comparison of global smart lock market size in selected years from 2016 to 2027 (in billion U.S dollars)*. Statista. Statista Inc.. Accessed: August 11, 2022. https://www.statista.com/statistics/1117440/forecast-comparison-of-global-smart-lock-market-size/
Statista. "Forecast Comparison of Global Smart Lock Market Size in Selected Years from 2016 to 2027 (in Billion U.S Dollars)*." Statista, Statista Inc., 14 May 2020, https://www.statista.com/statistics/1117440/forecast-comparison-of-global-smart-lock-market-size/
Statista, Forecast comparison of global smart lock market size in selected years from 2016 to 2027 (in billion U.S dollars)* Statista, https://www.statista.com/statistics/1117440/forecast-comparison-of-global-smart-lock-market-size/ (last visited August 11, 2022)
